Ann: Agrichain Update, page-4

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    • Expansion into agricultural vertical: Spenda and AgriChain have entered into a Binding Agreement to integrate

      early payment services to grain growers onto the AgriChain platform.

    • Initial Spenda project NET revenue of up to $1.1m: Phase One of the program is expected to generate revenue of ~$1.5m per annum. Spenda and AgriChain will revenue share 75% : 25% respectively.

    • Scale up in Q1 2024: Upon successful completion of Phase One, Phase Two of the program is anticipated to scale up significantly in 2024.

    • Significant market opportunity: AgriChain has ~$2.2b in grain on their supply chain platform at any given point in time across 10,000 users and these transactions will run through Spenda’s payment platform over time.

    • Strong pipeline of activity: Spenda is well positioned to expand into livestock and horticultural markets under existing and new partnerships.



    @ExtremeLand .
 
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